Business news

Business

Opposition to data centers grows in cramped urban Japan

The more Yoriko Kitagawa learns about a massive data center to be built near her home in Hino, on the outskirts of Tokyo, the more she worries.

Business

EU forces Google to share search data and open Android to rival AI companies

The European Union issued two new rules for Google on Thursday to force it to share search data and open up its Android operating system to rival AI companies.

Business

Video game AI opponents boost play time, gaming with friends

Can playing against AI make people more social? New research suggests the answer may be yes.

Business

PayPal shares jump on reported $53 bn Stripe takeover bid

Shares in PayPal surged as much as 13% on Wall Street Wednesday after reports that payments firm Stripe and private equity group Advent International had made a joint offer to buy the digital payments pioneer.

Business

Meta employees allege discriminatory AI-driven layoffs

Twenty-six Meta employees have filed a lawsuit accusing the tech giant of using artificial intelligence to select workers for mass layoffs, a claim strongly denied by the trillion-dollar company.

Business

IBM shares plunge 25% as AI spending boom disrupts business

IBM shares plunged 25% Tuesday after the U.S. tech giant released disappointing preliminary second-quarter results, blaming a shift in customer spending because of expected higher prices for memory chips and other AI-related ...

Business

OpenAI number two Simo steps down to focus on health

Top Silicon Valley executive Fidji Simo announced Wednesday she is leaving her full-time role at OpenAI to go part time as an adviser and focus on recovery from a chronic illness.

Business

EU parliament greenlights digital euro

EU lawmakers on Thursday backed starting negotiations on creating a digital version of the euro, as the European Union races to introduce the currency.

Business

Netflix strikes deals in short-form video push

Netflix is pushing deeper into the short-form video territory dominated by TikTok and YouTube, striking licensing deals with a slate of major U.S. media publishers to carry bite-sized content on its platform.

Business

Samsung expects 1,800% operating profit leap on AI boom

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.